Seems to be a good entry point. Correction ended with a Bull Market Truncation at 0.786 Fibonacci Retracement level.The RSI shows a good amount of divergence with just about to cross the EMA . ADX indicator even shows the sign of bullishness. The EOD candlestick pattern also signals bullishness .As there are multiple confirmations from many indicators so can...
Double Bottom(W) #Breakout under the parallel channel at the #GSPL(Gujarat State Petronet Ltd) weekly chart It outperformed both the #Nifty and its peers in the sector over the last 123 trading sessions. BSE: 532702 NSE : GSPL What Is a Double Bottom? A #doublebottom #pattern is a technical analysis charting pattern that describes a change in trend and a...
GSPL made a Double Bottom on weekly chart. Has risen well from its weekly demand zones. All Breakout (BO) rules respected. Details posted in chart
One of the simplest and effective chart pattern is the double bottom or the W pattern recently GSPL had made a double bottom and broke out the high of the W patter. last resistance is broken and even retested . so long entry is a good idea with a target of double the height of the W pattern
GSPL Ltd. Look at the top line in 2011: 1047cr & 2023TTM:20329cr superb growth. Bottom line 4x, interest payout has been reduce from 427cr to 90cr. Fundamentally good company. On chart after breakout stock is retesting the support. Buy at CMP: 263 sl: 220(wcb) target:315/375/475... Portfolio stock with 7%+ dividend yield
#GSPL Beautiful Breakout done + Retest done..... now Ready to fire Good Volume participation Started Good Strength Gujarat Election Happy Trading !!! Keep Showering Love & Support, Keep Following & Keep Learning
#GSPL, stock completed double round bottom and given a BO with huge volume rising, targets 290-328-354 with support @ 230.
As soon it is out of FNO , It has given long term breakout on weekly charts after long consolidation GSPL giving breakout for New ATH
GSPL:- Stock has given breakout by forming double bottom pattern keep your eye. Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the...
GSPL has given breakout on 264 level with high volumes and strong momentum. The upcoming levels to watch is 290 /336 / 380. However it will be weak below 240 and best price to trade is 260-265. ABOUT THE COMPANY: GSPL has a presence in the entire energy value chain and is engaged in gas transmission, CGD, power generation, and IT. Its clients include refineries,...
Downtrend trendline broken in Gujarat State Petronet Limited with high volume
Chart -> GSPL Weekly A double bottom breakout in GSPL with volume confirmation. CMP: 278 Targets: 292, 332 and 380 Good range: Around 250 SL: 235 weekly close Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
> GSPL > Wait for cup and handle breakout > Keep in your radar > Invest at your own risk
25 Nov 2022 GSPL Stock BO of previous TL on 15 Nov 2022 with huge volume, after spending 2 weeks in the zone fresh BO is seen with volume, likely momentum to continue. Summary • BO/RT done • Stock has shown a good support @POC around 238 zone • 76 days of accumulation • Fresh BO Conclusion • CMP 260.45 • Initiate test qty • Higher targets could be around ...
Watch out on Friday Stock on strong Breakout Buy above 262
Double bottom. Triangle breakout possible. Good risk to reward.
more than 3 rejections on the downward trendline probably breakout if nifty supports
#GSPL alongwith its subsidiaries is primarily engaged in transmission of Natural gas through pipeline. Showing strong trendline breakout. Fundamentally cheap at current price of 252. Seems good fo 290/320/350.